• SK FSS focused on types of equity disclosure violations being committed recently.
• Aim to promote proper disclosure, so that investors receive transparent information.
• Follows SK FSS 30 June 30, 2020 revisions to corporate disclosure standards effective from 6 July 2020, 30 August 2021 revisions to standards effective from 1 September 2021.
• SK FSS also drew attention to availability of guidelines with explanations and FAQs.

Example Violations

• Concern large shareholding reports associated with conclusion of OTC equity transfer / corporate bond call option / collateral-related agreements, reports by a union.
• Assumed exemption from reporting, error re holding ratio, insufficient evidence.